Share capital (Tables)

12 Months Ended

Mar. 31, 2026


	Allotted, called-up and fully paid
	Shares million	Nominal value £m
At 1 April 2024	3,967	493
Rights Issue	1,085	135
Issued during the year in lieu of dividends1	81	10
At 31 March 2025	5,133	638
Issued during the year in lieu of dividends1	66	9
At 31 March 2026	5,199	647

1.The issue of shares under the scrip dividend programme is considered to be a bonus issue under the terms of the Companies Act 2006,

and the nominal value of the shares is charged to the share premium account.